![No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is Unusual: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NRI-Cash-Gift-unusual-ITAT-taxscan.jpeg "No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is Unusual: ITAT [Read Order]")
No Prohibition in NRI accepting Cash Gift from Relatives, Addition cannot be made merely stating that the practice is 'Unusual': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that there is no prohibition in law in accepting of cash gifts by NRIs from the...
![Domestic Tour Operator is not required to collect TCS on Sale of Overseas Tour package to NRI visiting India [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/03/Domestic-Tour-Operator-TCS-on-Sale-of-Overseas-Tour-package-NRI-visiting-India-Taxscan.jpeg "Domestic Tour Operator is not required to collect TCS on Sale of Overseas Tour package to NRI visiting India [Read Notification]")
![No Tax Liability for NRI being a Joint Signatory to the Bank Account of Foreign Company without Direct Beneficial Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/NRI-Tax-Liability-No-Tax-Liability-NRI-Joint-Signatory-Bank-Account-Foreign-Company-Direct-Beneficial-Interest-ITAT-Taxscan.jpeg "No Tax Liability for NRI being a Joint Signatory to the Bank Account of Foreign Company without Direct Beneficial Interest: ITAT [Read Order]")
![Foreign Company not Taxable in India for Interest on Income Tax Refund not Connected to PE Under DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Foreign-Company-Interest-On-Income-Tax-Refund-DTAA-ITAT-TAXSCAN.jpg "Foreign Company not Taxable in India for Interest on Income Tax Refund not Connected to PE Under DTAA: ITAT [Read Order]")
![NRI liable for TDS deduction can’t be expected to apply the expanded definition of Royalty when such Explanation was not actually, factually in the Statute: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/NRI-TDS-deduction-royalty-Explanation-statute-Calcutta-High-Court-Taxscan.jpg "NRI liable for TDS deduction can’t be expected to apply the expanded definition of Royalty when such Explanation was not actually, factually in the Statute: Calcutta HC [Read Order]")
Delhi High Court sets aside Detention Order against UAE based NRI accused of Smuggling Gold [Read Order]
The Delhi High Court set aside the detention order against the United Arab Emirates (UAE) based NRI accused of Smuggling Gold. The detenu, Mohd Nashruddin has been a non-resident Indian citizen...
![Delhi High Court sets aside Detention Order against UAE based NRI accused of Smuggling Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Delhi-High-Court-Detention-Order-Smuggling-Gold-Taxscan.jpg "Delhi High Court sets aside Detention Order against UAE based NRI accused of Smuggling Gold [Read Order]")
Govt. Clarifies NRI Investment on Non-Repatriation basis shall not be considered for Calculation of Indirect Foreign Investment [Read Notification]
The Ministry of Finance clarified that the investment by non-resident Indians (NRIs) on a non-repatriation basis in an Indian company shall not be considered for calculation of Indirect Foreign...
![Govt. Clarifies NRI Investment on Non-Repatriation basis shall not be considered for Calculation of Indirect Foreign Investment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/08/NRI-Investment-Indirect-Foreign-Investment-Taxscan.jpeg "Govt. Clarifies NRI Investment on Non-Repatriation basis shall not be considered for Calculation of Indirect Foreign Investment [Read Notification]")
NRI or Overseas Citizens could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021: SEBI [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified that the non-resident Indians (NRIs) or overseas citizens of India could be constituents of applicants under SEBI (Foreign Portfolio...
![NRI or Overseas Citizens could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021: SEBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/08/NRIs-Overseas-Citizens-SEBI-Foreign-Portfolio-Investors-Amendment-Taxscan.jpg "NRI or Overseas Citizens could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021: SEBI [Read Notification]")
Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]
The Reserve Bank of India(RBI) has published the latest Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations on May 24th, 2021. As per the new amendment, “An Authorised...
![Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/ADs-lend-money-NRI-Govt.-Securities-RBI-FEMA-Regulation-Taxscan.jpeg "Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]")
Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]
The Central Board of Direct Taxes (CBDT) will relax the ‘residency rule’ if forced to stay in India due to COVID-19 resulted in double taxation. The Board has received various representations...
![Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/NRI-CBDT-Income-Tax-COVID-Double-Taxation-Residency-Status-Taxscan.jpg "Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]")
